Luxembourg: Market for Petroleum Lubricating Oil And Grease 2024

Market Size for Petroleum Lubricating Oil And Grease in Luxembourg

The Luxembourg market for petroleum lubricating oil and grease rose markedly to $X in 2022, growing by X% against the previous year. In general, consumption, however, showed a mild decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Petroleum Lubricating Oil And Grease in Luxembourg

In value terms, petroleum lubricating oil and grease production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep reduction. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Petroleum Lubricating Oil And Grease

Exports from Luxembourg

In 2022, approx. X tons of petroleum lubricating oil and grease were exported from Luxembourg; declining by X% against 2021. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, petroleum lubricating oil and grease exports fell sharply to $X in 2022. In general, exports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Belgium (X tons) and Turkey (X tons) were the main destinations of petroleum lubricating oil and grease exports from Luxembourg, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Turkey ($X) were the largest markets for petroleum lubricating oil and grease exported from Luxembourg worldwide, together accounting for X% of total exports.

Among the main countries of destination, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for petroleum lubricating oil and grease stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price recorded resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Petroleum Lubricating Oil And Grease

Imports into Luxembourg

In 2022, the amount of petroleum lubricating oil and grease imported into Luxembourg expanded significantly to X tons, increasing by X% compared with the year before. Overall, imports, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, petroleum lubricating oil and grease imports rose slightly to $X in 2022. Over the period under review, imports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of petroleum lubricating oil and grease imports to Luxembourg, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Belgium ($X), Germany ($X) and France ($X) appeared to be the largest petroleum lubricating oil and grease suppliers to Luxembourg, together accounting for X% of total imports.

Among the main suppliers, France, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for petroleum lubricating oil and grease amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and the Netherlands ($X per ton), while the price for Belgium ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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